BKEM vs. SPEM
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM).
BKEM and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKEM is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007. Both BKEM and SPEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKEM or SPEM.
Key characteristics
| BKEM | SPEM | |
|---|---|---|
| YTD Return | 2.61% | 2.67% |
| 1Y Return | -3.87% | -1.93% |
| 5Y Return (Ann) | 5.27% | 0.70% |
| 10Y Return (Ann) | 5.27% | 2.56% |
| Sharpe Ratio | -0.13 | -0.02 |
| Daily Std Dev | 19.53% | 17.89% |
| Max Drawdown | -39.48% | -64.41% |
Correlation
The correlation between BKEM and SPEM is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BKEM vs. SPEM - Performance Comparison
The year-to-date returns for both investments are quite close, with BKEM having a 2.61% return and SPEM slightly higher at 2.67%. Over the past 10 years, BKEM has outperformed SPEM with an annualized return of 5.27%, while SPEM has yielded a comparatively lower 2.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKEM vs. SPEM - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 3.60%, more than SPEM's 3.29% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 3.60% | 3.16% | 2.30% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 3.29% | 3.38% | 3.25% | 2.05% | 3.20% | 2.63% | 1.28% | 1.76% | 2.83% | 2.73% | 2.35% | 2.51% |
BKEM vs. SPEM - Expense Ratio Comparison
BKEM vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | -0.13 | ||||
SPEM SPDR Portfolio Emerging Markets ETF | -0.02 |
BKEM vs. SPEM - Drawdown Comparison
The maximum BKEM drawdown for the period was -33.18%, roughly equal to the maximum SPEM drawdown of -27.58%. The drawdown chart below compares losses from any high point along the way for BKEM and SPEM
BKEM vs. SPEM - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) has a higher volatility of 4.24% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 3.86%. This indicates that BKEM's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.